PrincipiantesCripto

The cryptocurrency market is governed by supply and demand.

Here I explain how it works:

Factors that influence demand:

1. Adoption: more users and companies are using cryptocurrencies
2. Regulations: changes in laws and regulations
3. Announcements: news and announcements of projects
4. Sentiment: mood of investors

Factors that influence supply:

1. Mining: amount of cryptocurrencies mined
$BTC
2. Sales: amount of cryptocurrencies sold by investors
$XRP
3. Burn: destruction of cryptocurrencies (some projects burn them to reduce supply)
$WCT
How supply and demand relate:

- High demand + low supply = Price rises
- Low demand + high supply = Price falls

Do you want to know how to apply this to your investments? Follow me for more content...
#PrincipiantesCripto

Hello to the Binance community!
As my first post here, I wanted to share a fundamental piece of advice for those starting in the crypto world: Always research before investing!
It's easy to get carried away by excitement, but it's crucial to understand what the project is, who is behind it, and what its utility is. Use reliable sources and do not invest money that you are not willing to lose.
What other advice would you give to a beginner? Please comment below!
#CriptoConsejos #BinanceTips #PrincipiantesCripto #dyor